UK Chancellor Eyes Cut to Tax-Free Pension Lump Sums—What Expats Need to Know Reports suggest UK Chancellor Rachel Reeves is considering cutting back the tax-free element of pension lump sums in a bid to raise an additional £2bn annually. Currently, retirees can...
From April 6, 2027, UK law will include unused pension savings within the value of someone’s estate for Inheritance Tax (IHT) purposes. That means pensions – once seen as a tax‑efficient legacy tool – could now trigger an effective 67% tax hit for beneficiaries,...
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